Cyprus Mail

Otkritie FC owner of 19.85% in RCB Bank after $124.2 million capital increase

By Stelios Orphanides

RCB Bank Ltd said it completed a capital increase by issuing new shares to the Russian Otkritie Financial Corporation Bank, which is now owner of a 19.85 per cent stake, the Cyprus based lender.

“In the course of the issue of additional shares, the stake of VTB Bank decreased to 46.29 per cent, RCB Bank equity increased by $124.2 million and exceeded $0.5 billion in total,” RCB said in an emailed statement today.


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